||||||Page|
|---|---|---|---|---|---|
|Reference and Administrative
Details|||||1 to2|
|Chairman's|Statement|||||
|Report of the Trustees|||||4to8|
|Report of the Independent||Auditors|||9to 11|
|Consolidated|Statement|of Financial|Activities||12|
|Consolidated|and Charity|Statement|of Financial|Position|13|
|Consolidated|Statement|ofCash Flows|||14|
|Notes to the|Financial Statements||||15to 25|
|Trustees|||JSWheatley
(Chairman)|JSWheatley
(Chairman)|JSWheatley
(Chairman)|||
|---|---|---|---|---|---|---|---|
||||Mrs C H Taylor|||||
||||P D Barnett|||||
||||Mrs G Wilyman|||||
||||RJ Venner|||||
||||Ms C Powell|||||
||||Ms J P Laraway|||||
||||Mrs S Butler
Mr A Whelan (resigned 1"October||||2021)|
||||Ms L Millard|||||
||||Mrs C Mawston|||||
||||Mrs N Ahmed
(appointed|||18'"August 2021)||
|Patrons|||Lord Mayor of Birmingham|||||
||||Chief Constable|of West||Midlands|Police|
||||Earl of Aylesford|||||
||||Mayor of Solihull|||||
|Officers|||SWynde (Treasurer)|||||
||||G Webber (Chief Executive)|||||
|Registered|office||Catherine-de-Barnes||Lane|||
||||Catherine-de-Barnes|||||
||||Solihull|||||
||||B92ODJ|||||
|Registered|company|number|00662947|||||
|Registered|charity number||222436|||||
|Auditors|||Haines Watts Birmingham|||LLP||
||||5 - 6Greenfield|Crescent||||
||||Edgbaston|||||
||||Birmingham|||||
||||B153BE|||||
|Bankers|||Lloyds Bank PLC|||||
||||9-11 Poplar Road|||||
||||Sol&hull|||||
||||B91 3AN|||||
|Solicitors|||Higgs and Sons|||||
||||3Waterfront
Business||Park|||
||||Brierley
Hill|||||
||||West Midlands|||||
||||DY5 1LX|||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||Consolidated|Statement of Financial
Activities||||
|---|---|---|---|---|---|---|
|||For the|ear ended 31December 2021||||
||||Unrestricted|Restricted|Total|Total|
|||Note|funds|fund|2021|2020|
||||2|2|2||
|Income and endowments|from||||||
|Donations
and legacies|||1,279,856|50,000|1,329,856|1,088,946|
|Charitable
activities|||||||
|Re-homing
dogs|||276,442||276,442|202,984|
|Other trading activities|||227,568||227,568|87,691|
|Investment
income|||231,177||231,177|216,846|
|Other Income|||45,904||45,904|49,054|
|Total incoming resources|||2,060,947|50,000|2,110,947|1,645,521|
|Expenditure
on|||||||
|Raising funds|||335,952||335,952|238,597|
|Charitable
activities|||||||
|Re-homing
dogs|||2,283,328|50,000|2&333,32S|2,426,707|
|Other expenditure|||2,691||2,691|2,621|
|Total resources expended|||2,621,971|50,000|2,671,971|2,667,925|
|Net (expenditure)
before Investment||gains/(losses)|(561,024)||(561,024)|(1,022,404)|
|Net gains on investment|||990,566||990,566|440,804|
|Net Income/(expenditure)|||429,542||429,542|(581,600)|
|Transfers between
funds|||||||
|Net movement
In funds|||429,542||429,542|(581,600)|
|Funds brought forward at 1 January||2021|17,562,491||17,132,949|17,714,549|
|Funds carried forward at|31 December 2021||17,992,033||17,562,491|17,132,949|
##
##
||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
|||||||Note|f|2|
|Cash flows from operating
activities:||||||26|(454,550)|(617,439)|
|Net cash provided
by (used In) operating||activities|||||(454,550)|(617,439)|
|Cash flows from investing
activities:|||||||||
|Purchase oftangible
fixed assets|||||||(929,444)|(134,789)|
|Purchase offixed asset investments|||||||(863,634)|(1,019,678)|
|Sale of fixed asset investments|||||||895,068|1,046,423|
|Interest received|||||||231,177|216,846|
|Net cash provided
by (used in) Investing||activities|||||(666,833)|108,802|
|Change
in cash and cash equivalents|in|the|reporting|period|||(1,121,383)|(508,637)|
|Cash and cash equivalents
at the beginning|||ofthe reporting||period||1,933,331|2,441,968|
|Cash and cash equivalents
at the end|of|the|reporting|period|||811,948|1,933,331|
##
|VAT||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|VAT recoverable
by the Charity is shown
in debtors. The Birmingham|||Dogs Home Limited|||||||||and Birmingham|||||Dogs|Home (Trading)|||Limited|||are|part of||a|
|VAT group.||||||||||||||||||||||||||||
|Fixed assets||||||||||||||||||||||||||||
|Fixed assets are included at cost or valuation,
items below 2500 will be||||normally||||expensed||||through
the statement||||||of financial|activities.|||||||||
|Depreciation||||||||||||||||||||||||||||
|Depreciation
is provided
to write
off the cost or valuation,
less||estimated|||residual|||||values|||of all fixed assets except freehold|||||||land,||over their||||expected||
|useful lives. It is calculated at the following rates:||||||||||||||||||||||||||||
|Buildings
- 5%ofthe cost per annum||||||||||||||||||||||||||||
|Fixtures and fittings
-
10%ofthe cost per annum||||||||||||||||||||||||||||
|Vehicles
- 25%ofthe cost per annum||||||||||||||||||||||||||||
|Computer
equipment
- 33.33%ofthe cost per annum||||||||||||||||||||||||||||
|Assets
in the course of construction
are included
at cost. Depreciation|||on these assets||||||||is not charged
until||||they are brought||||into use.|||||||||
|Stocks||||||||||||||||||||||||||||
|Stocks are valued at the lower of cost or net realisable
value.|Unsold||donated||||items||are not included.|||||||||||||||||||
|Taxetlon||||||||||||||||||||||||||||
|The charity is exempt from corporation
tax on its charitable
activities.||||||||||||||||||||||||||||
|Fund Accounting||||||||||||||||||||||||||||
|Unrestricted
funds are donations
and other income resources|receivable|||or generated|||||||for the objects of|||the|||charity without||further||specified purpose||||||and|
|are available as general funds.||||||||||||||||||||||||||||
|Designated
funds are unrestricted
funds earmarked
by the management||||committee|||||for particular
purposes.|||||||||||||||||||
|Restricted
funds are to be used for specific purposes as laid|down by the||||donor. Expenditure
which meets||||||||||||these|criteria is|charged|||to the fund,||||together||
|with a fair allocation
of management
and support costs.||||||||||||||||||||||||||||
|Pension costs and other post-retirement
benefits||||||||||||||||||||||||||||
|The charity operates a defined
contribution
pension scheme.|The assets||||of|the||scheme||||are held separately|||||from|those of|the|charity. The pension|||||||cost|
|charge represents
contributions
paid by the charity to the fund.||||||||||||||||||||||||||||
|Hire purchase
and leasing commitments||||||||||||||||||||||||||||
|Rentals applicable to operating leases where substantially
all|ofthe benefits and|||||||risks of ownership
remain||||||||with the lessor are charged|||||||against||income on|||
|a straight
line basis over the period ofthe lease.||||||||||||||||||||||||||||
|Debtors and creditors receivable/payable
within one year||||||||||||||||||||||||||||
|Debtors and creditors
with no stated interest
rate and receivable||or|payable||||within|||one year are recorded|||||||at transaction
price. Any||||||losses arising||||from|
|impairment
are recognised
in expenditure.||||||||||||||||||||||||||||
|Critical accounting
judgements
and key sources ofestimation||uncertainty||||||||||||||||||||||||||
|In the application
of the accounting
policies, trustees are required||to|make||judgement,||||||estimates
and assumptions|||||||about the carrying||||value of|||assets||and|
|liabilities
that are not readily
apparent
from other sources.|The|estimates||||and||underlying|||||assumptions|||are based on historical|||||experience||||and other|||
|factors that are considered to be relevant.
Actual results mav|differ from|||these|||estimates.|||||||||||||||||||||
|The estimates
and underlying
assumptions
are reviewed
on|an on-going||||basis.|||Revisions||||to accounting|||estimates
are recognised||||||in||the|period||in which||
|the estimate
is revised
if the revision affects only that period or in||the||||||||||||||||||||||||||
|Judgements
made by the Trustees
in the application
ofthese|accounting||||policies that||||||have||a significant|effect on||||the financial||statements||||and estimates||||
|with a significant
risk of material
misstatement
in the next year,||are|deemed||||to|be||in|relation to the depreciation|||||||rates of|tangible|||fixed||assets||and are||
|discussed above.||||||||||||||||||||||||||||
|The areas where these judgements
and estimates
have been|made include the following
for||||||||||||the group:|||||||||||||||
|a) Depreciation
and residual values||||||||||||||||||||||||||||
|The Trustees
have reviewed
the asset lives and associated|residual||values|||of all tangible
fixed asset classes, and have concluded|||||||||||||||||that|the|asset||lives|
|and residual values are appropriate.||||||||||||||||||||||||||||
|b) Accrued income||||||||||||||||||||||||||||
|Accrued income includes legacy income amounts.
In recognising||accrued|||legacy|||income,||||the Trustees have|||||considered
the||probability||||of receiving each|||||
|legacy. Each legacy is assessed to determine
an appropriate|allowance|||which|||reflects||||the|possibility of not||||subsequently
receiving|||||the||full|income||||
|amounts.||||||||||||||||||||||||||||
##
|||||||||||||||Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||2021|2020|
|||||||||||||||6||
|Donations||||||||||||||399,808|347,453|
|Legacies||||||||||||||930,048|741,493|
|||||||||||||||1,329,856|1,088,946|
|Included
in donations||above is250,000||||of restricted donations.||||||||||
|Other trading|activities|||||||||||||||
|||||||||||||||Total|Total|
|||||||||||||||2021|2020|
|||||||||||||||2|2|
|Fundraising
events||||||||||||||123,498|24,463|
|Shop income
Income ofTrading subsidiary||||(see note||7)||||||||1,677
102,393|2,088
61,140|
|||||||||||||||227,568|87,691|
|Investment
Income||||||||||||||||
|||||||||||||||Total|Total|
|||||||||||||||2021|2020|
|||||||||||||||2||
|Deposit account interest||||||||||||||351|4,421|
|Dividends
and|interest|from listed investments||||||||||||230,826|212,425|
|||||||||||||||231,177|216,846|
|Income from|charitable||activities|||||||||||||
|||||||||||||||Total|Total|
|||||||||||||||2021|2020|
||||||||Activity|||||||6||
|Income from general
public
Local authority contracts|||||||Re-homing
Re-homing|||dogs
dogs||||102,555
72,319|115,874
87,110|
|Government
grants||||||||||||||1011568||
|||||||||||||||276,442|202,984|
|Included
in the|above|is F50,000of|||restricted||income.||All|other funds are|restricted.|||||
|Other Income||||||||||||||||
|||||||||||||||Total|Total|
|||||||||||||||2021|2020|
|||||||||||||||2||
|Pet plan commission
received
Miscellaneous
income||||||||||||||43,012
1,109|46,003
711|
|Feed in tariff||||||||||||||1,783|2,340|
|||||||||||||||45,904|49,054|
|Trading company
The wholly owned trading|||subsidiary||Birmingham|||Dogs Home (Trading)|||Limited is incorporated|in the United|Kingdom|(company
number|11689015) and|
|pays profits, which are surplus||||to trading||requirements,|||to|the charity under adeed of covenant.||||||
|The summary|financial performance||||ofthe subsidiary||||is:|||||||
|||||||||||||||2021|2020|
|||||||||||||||2|6|
|Turnover||||||||||||||102,393|61,140|
|Cost ofsales||||||||||||||||
|Gross profit||||||||||||||||
|||||||||||||||102,393|61,140|
|Administrative|expenses|||||||||||||(89,203)|(65,801)|
|Operating
Profit/(losses)||||||||||||||13,190|(4,661)|
|Taxation||||||||||||||||
|Retained profi|t/(losses)|||||||||||||13,190|(4,661)|
##
|Raising funds|||||||||
|---|---|---|---|---|---|---|---|---|
||||||||Total|Total|
||||||||2021|2020|
||||||||2||
|Staff costs|||||||118,896|102,394|
|Investment
manager fees|||||||31,870|28,903|
|Publicity|||||||64,068|50,833|
|Show costs|||||||25,397|19,014|
|Office expenses|and|administrative
support|||||60,601|28,901|
|Vehicle costs|||||||4,699|3,778|
|Depreciation|||||||4,997|4,774|
|Veterinary costs|||||||25,424||
||||||||335,952|238,597|
|Charitable
activity costs|||||||||
||||||Direct costs||Support costs|Totals|
||||||(coonote|10)|(see note 11)||
|||||||2|8|2|
|Charitable
activities|||||2,3141959||18,369|2/33,328|
|Direct costs of|charitable|||activities|||||
||||||||Total|Total|
||||||||2021|2020|
||||||||2|F|
|Staff costs|||||||1,161,206|1,214,502|
|Sundries|||||||33,143|39,749|
|Yard and veterinary
expenses|||||||307,834|329,868|
|Office expenses|||||||72,885|63,037|
|Rates and insurance|||||||54,056|53,883|
|Light, heat and water|||||||73,362|74,253|
|Van costs|||||||10,283|9,762|
|Repairs and renewals|||||||28,829|34,354|
|Depreciation|||||||573,361|576,184|
||||||||2,314,959|2,395,592|
|Supportcosts|||||||2021|2020|
|Governance costs|||||||2|2|
|Auditors'
remuneration|||||||10,792|10,750|
|Auditors'
remuneration||for non audit work||||||6,533|
|Legal and professional||fees|||||5,302|9,466|
|AGM, annual
report and meeting costs|||||||2,275|4,366|
||||||||18,369|31,115|
|Net Income/(expenditure)|||||||||
|Net (expenditure)/|income||is stated after charging/(crediting):||||||
||||||||2021|2020|
||||||||2||
|Fees payable to|charity's||auditors to the audit of the financial statements||||10,792|10,750|
|Auditors'
remuneration||for non audit work|||||2,500|6,533|
|Depreciation
-owned||assets|||||573,361|576,184|
##
##
|||||||||||||Total funds|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||2020|
|||||||||||||2|
||Income and endowments||from||||||||||
||Donations
and legacies|||||||||||1,088,946|
||Charitable
actlvNles||||||||||||
||Re-homing
dogs
Other trading activities|||||||||||202,984
87,691|
||Investment
income|||||||||||216,846|
||Other income|||||||||||49,054|
||Total Incoming resources|||||||||||1,645,521|
||Expenditure
on||||||||||||
||Raising funds|||||||||||238,597|
||Charitable
activities||||||||||||
||Re-homing
dogs|||||||||||2,426,707|
||Other expenditure|||||||||||2,621|
||Total resources expended|||||||||||2,667,925|
||Net Income/(expenditure)||before investment|||||gains/(losses)||||(1,022,404)|
||Net gains/ (losses) on investment|||||||||||440,804|
||Net Income/(expenditure)|||||||||||(581,600)|
||Transfers between
funds||||||||||||
||Net movement
In funds|||||||||||(581,600)|
||Funds brought
forward|at 1||January||2020||||||17,714,549|
||Funds carried forward|at|31|December 2020||||||||17,132,949|
|14|Trustees'
remuneration|and||benefits|||||||||
||There were no trustees'|remuneration||||or other benefits for the year ended 31 December 2021 nor the year ended 31 December 2020.|||||||
||Trustees' expenses||||||||||||
||There were no trustees' expenses||||paid|for the year|||ended 31 December 2021 nor for the year ended 31 December 2020.||||
|15|Staff costs||||||||||||
||||||||||||2021|2020|
||||||||||||6|2|
||Wages and salaries
Social security costs||||||||||1,1531151
66,170|1,167,911
79,429|
||Other pension costs||||||||||60,781|69,556|
||||||||||||1,280,102|1,316,896|
||The average
monthly
number|||ofemployees|||during the year was as follows:||||2021|2020|
||||||||||||6|2|
||Direct charitable
expenditure
Fundraising
and publicity||||||||||50
3|50
3|
||Management
and administration||||ofcharity||||||3|3|
||||||||||||56|56|
||The number
ofemployees||whose||employee||benefits||(excluding|employers|pension costs) exceeded 260,000was:||
||||||||||||2021|2020|
||||||||||||2|2|
||290000-2100000||||||||||1|1|
|Tangible fixed assets|||||
|---|---|---|---|---|
|~Grou|||||
||Freehold|Fixtures &|Motor||
||property|equipment|vehlcfes|Total|
||6|2|2|2|
|Cost|||||
|As at 1 January 2021|9,385,907|1,438,767|79,156|10,903,830|
|Additions|832,319|97,125||929,444|
|As at 31December 2021|10,218,226|1,535,892|79,156|11,833,274|
|Depreciation|||||
|As at 1 January 2021|3,598,281|8151819|79,156|4,4931256|
|Charge for the period|433,892|135,059||568,951|
|As at 31 December 2021|4,032,173|950,878|79,156|5,062,207|
|Net book value|||||
|As at 31 December 2021|6,186,053|585,014||6,771,067|
|As at 31 December 2020|5,787,626|622,948||6,410,574|
|Chsrlay|||||
||Freehold|Fixtures &|Motor||
||property|equIpment|vehicles|Total|
||2|2|2|2|
|Cost|||||
|As at 1 January 2021|9,385,907|1,438,767|79,156|10,903,830|
|Additions|832,319|97,125||929,444|
|As at 31 December 2021|10,218,226|1,535,892|79,156|11,833,274|
|Depreciation
As at 1 January 2021|3,598,281|815,819|79,156|4,493,256|
|Charge for the period|433,892|135,059||568,951|
|As at 31 December 2021|4,032,173|950,878|79,156|5,062,207|
|Net book value|||||
|As at 31 December 2021|6,186,053|585,014||6,771,067|
|As at 31 December 2020|5,787,626|622,948||6,410,574|
|~Grou|||||||
|---|---|---|---|---|---|---|
||||||Listed shares|Totals|
||||||2|2|
|Market value at 1 January|||||8,643,558|8,643,558|
|Additions|at cost||||863,634|S63,634|
|Disposals at opening
book value
Realised gains/ (losses)|||||(895,068)
41,537|(895,068)
41,537|
|Net unrealised
investment|||gains||a4a,029|949,029|
||||||9,602,690|9,602,690|
||||||2021|2020|
|The market value of||Investments||as at 31 December 2021 can be analysed as:|f||
|Investment|assets in|the UK|||7,043,671|3,630,973|
|Investment|assets outside||the UK||2,559,019|5,012,585|
||||||9,602,690|8,643,558|
##
##
##
##
|26|Reconciliation
of net Income|Reconciliation
of net Income|Reconciliation
of net Income|to net cash|flow from operating|flow from operating|activities||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2021|2020|
||||||||||6||
||Net Income for the|reporting||period (as per the statement||of|financial activities):||429,542|(581,600)|
||Adjustments
for:
Depreciation
charges
Realised gains/ (losses) on investments||||||||568,951
(41,537)|580,958
100,928|
||Interest received||||||||(231,177)|(216,846)|
||Unrealised
(gain)/loss||on investments||||||(949,029)|(541,732)|
||Increase in stocks||||||||1,284||
||(Increase)/ decrease||in debtors||||||(294,169)|2,438|
||Increase in creditors||||||||61,585|4,088|
||Net cash provided|by (used in) operating|||activities||||(454,550)|(651,766)|
|27|Analysis ofchanges||in net funds||||||||
|||||||||At 1/1/2021|Cash flow|At 31/12/2021|
||Net cash|||||||6|6|f|
||Cash at bank|||||||1,933,331 -|1,121,383|811,948|
||Total|||||||1,933,331|1,121,383|811,948|